Proctor and Gamble 2002 Annual Report Download - page 46

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44 The Procter & Gamble Company and Subsidiaries Notes to Consolidated Financial Statements
Millions of dollars except per share amounts
$40,238
39,244
39,951
4,352
2,922
3,542
6,383
4,616
5,536
1,693
2,271
2,191
40,776
34,387
1,679
2,486
Net Sales
Net Earnings
Before-Tax Earnings
Depreciation and Amortization
Total Assets
Capital Expenditures
2002
2001
2000
2002
2001
2000
2002
2001
2000
2002
2001
2000
2002
2001
2002
2001
$11,618
11,660
12,157
1,831
1,643
1,450
2,728
2,430
2,318
326
328
354
5,149
5,533
368
516
$11,877
11,991
12,044
1,170
1,052
1,069
1,961
1,745
1,817
621
673
664
8,771
8,629
856
1,307
$8,079
7,257
7,389
1,177
967
894
1,664
1,392
1,393
221
183
194
3,798
3,371
200
261
$4,979
4,353
3,909
521
390
335
795
584
540
163
159
159
2,542
2,290
158
231
$3,801
4,139
4,634
384
332
364
604
546
566
135
146
153
2,091
2,479
137
235
Corporate
$(116)
(156)
(182)
(731)
(1,462)
(570)
(1,369)
(2,081)
(1,098)
227
782
667
18,425
12,085
(40)
(64)
Total
Fabric and
Home Care
Baby,
Feminine &
Family Care
Beauty
Care
Health
Care
Food and
Beverage
Note 13 Segment Information
The Company is organized by product-based global business units.
The segments manufacture and market products as follows:
• Fabric and home care includes laundry, dish, fabric enhancers
and hard surface cleaners.
• Baby, feminine and family care includes diapers, wipes,
tampons, pads, liners, tissues and towels.
• Beauty care includes cosmetics, hair care, deodorants and
fine fragrances.
• Health care includes personal health care, oral care,
pharmaceuticals and pet health and nutrition.
• Food and beverage includes coffee, snacks, commercial
services, juice, peanut butter and shortening and oil.
The corporate segment includes both operating and non-operating
elements such as financing and investing activities, intangible asset
amortization, goodwill and indefinite-lived intangible asset amortiza-
tion prior to SFAS No. 142 adoption on July 1, 2001, certain employee
benefit costs, charges related to restructuring, segment eliminations
and other general corporate items. The segment eliminations adjust
management reporting principles to accounting principles generally
accepted in the United States of America and primarily affect the
treatment of unconsolidated investees and income taxes, which are
reflected in the business segments using estimated local statutory tax
rates. Corporate assets primarily include cash, investment securities and
goodwill.
The Company had net sales in the United States of $21,198, $20,334
and $20,038 for the years ended June 30, 2002, 2001 and 2000,
respectively. Assets in the United States totaled $23,434 and $18,318
as of June 30, 2002 and 2001, respectively.
The Company’s largest customer, Wal-Mart Stores, Inc. and its affiliates,
accounted for 17%, 15% and 14% of consolidated net sales in 2002,
2001 and 2000, respectively. These sales occurred primarily in the
United States.